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We are conducting a survey of the Private Equity Wire readership to assess the best private equity performers and service providers during 2009 in a range of categories covering the entire private equity space. Managers and service providers are welcome to nominate their own funds/firms – with relevant justification. The response so far to the survey from our 56,000 readers has been significant, so send your nominations to us asap.
The results from this survey will be presented in aggregate and all individual answers will remain confidential. The awards, which will be backed by editorial coverage and global news distribution,
Och-Ziff Capital Management has reported a GAAP net loss for the fourth quarter and full year ended 31 December 2009 of USD47.2m, or USD0.58 per basic and diluted class A share, and USD297.4m, or USD3.79 per basic and diluted class A share, respectively.
The company has also declared a USD0.58 per share fourth quarter cash dividend on its class A shares.
Distributable earnings for the 2009 fourth quarter and full year were USD281.4m, or USD0.69 per adjusted class A share, and USD355.3m, or USD0.88 per adjusted class A share, respectively.
Assets under management were USD23.5bn as of 1 January 2010,
Kohlberg Kravis Roberts and Premier Natural Resources have formed a partnership to pursue investments in oil and gas properties in North America.
The relationship between KKR and PNR dates back to 2008 when they first worked together to evaluate investments in the oil and gas sector.
In 2009, PNR assisted KKR in evaluating its investment in East Resources, a privately owned oil and natural gas exploration and development company with operations in Appalachia’s Marcellus shale region.
“We are always looking to partner with exceptional management teams and PNR has exactly what we look for: a long and successful history
Partners Capital, a London and Boston based private investment office, has appointed Ethan Hall as director of research and Sean Farrell as an investment principal.
Hall was previously head of investment research at Centaur Financial Services, a USD100m fund management company he founded in 1995, which manages individually tailored portfolios for high net worth individuals and institutions.
Prior to founding Centaur Financial Services, Hall was a management consultant for Bain.
Farrell joins the team from 3i Quoted Private Equity, a 3i Group business which invests in public companies through negotiated transactions.
Prior to joining 3i, Farrell was a director
Univar, a chemical distributor, has signed an agreement to acquire the Quaron Group, a distributor of chemicals in Belgium, France and the Netherlands.
“We are pleased to announce an agreement to add the Quaron group to Univar’s widely recognised ‘best in class’ distribution, sales and marketing organisation,” says John Zillmer (pictured), Univar chief executive.
“The combined organisations will provide Univar’s supplier partners with greater opportunities for sales growth and technical service for their customers. For our customers, the acquisition offers better product selection and enhanced value-added services from our strong logistics platform.”
Univar complements producers’ sales and marketing teams by
Butterfield Fulcrum, an administrator for the alternative investment industry, has appointed Mark Boyes as director of business development.
He is based in London and reports to Joost Lobler, Butterfield Fulcrum’s head of business development for EMEA and APAC.
Boyes will be responsible for identifying and developing strategic partnerships to help strengthen and expand Butterfield Fulcrum’s client base throughout Europe and its surrounding emerging markets.
Akshaya Bhargava (pictured), chief executive of Butterfield Fulcrum, says: “Mark is well-suited to help further leverage our tremendous growth in the EMEA region. He brings more than 15 years experience in the offshore financial services
Companies in the life sciences sector, which includes the biotechnology and medical device industries, captured the largest share of overall venture capital during 2009, reflecting the relative strength of the sector during the economic downturn, according to PricewaterhouseCoopers.
Under Recovery, a new PwC report that includes data from the PwC/NVCA MoneyTree Report based on data from Thomson Reuters, finds that life sciences funding for 2009 totalled USD6bn in 715 deals, accounting for 34 per cent of all venture dollars invested, compared to 28 per cent in 2008.
"Venture capitalists see real opportunity for growth within the sector. As the worldwide
Affiliated Managers Group is to acquire the business of Pantheon Ventures, a Russell Investments subsidiary.
Under the terms of the purchase agreement, AMG will pay approximately USD775m in cash with the potential for additional payments over the next five years, contingent on the growth of Pantheon’s business.
Following the closing of the transaction, Pantheon’s management team will own a meaningful stake in the partnership and continue to direct the firm’s day-to-day operations.
Pantheon is a private equity fund of funds manager, delivering private equity investment solutions to a broad range of clients for over 25 years. It manages regional funds
Dominion Corporate Group, a provider of offshore management and administration based in Jersey, has added Graeme McArthur as head of funds.
McArthur (pictured) has over 20 years’ experience of the finance sector in Jersey, initially with KPMG and then moving into fund administration with Deutsche Bank and subsequently State Street.
Most recently McArthur was chief executive at Northern Trust Jersey.
Since 2004 McArthur has also been a member of the executive committee of the Jersey Funds Association.
Dominion Corporate Group’s managing director Sue Fossey says: “We are very glad to welcome an individual of such substance and calibre
Rockbridge Growth Equity has led an acquisition of Protect America, a direct-to-consumer provider of self-installed monitored alarm systems.
Joining Rockbridge Growth Equity are Falcon Investments and Thad Paschall, Protect America’s founder.
"We are extremely excited about our investment in Protect America. We believe Protect America is a leading force behind the next generation of home security systems and we look forward to helping the company become an industry leader," says Rockbridge Growth Equity partner Kevin Prokop.
"Rockbridge Growth Equity brings a substantial amount of value to the table above and beyond providing capital. We’re very excited about its ability to
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